Alpha Metallurgical Resources, Inc. $AMR Holdings Increased by Osaic Holdings Inc.

Osaic Holdings Inc. increased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 238,510.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,861 shares of the energy company’s stock after acquiring an additional 23,851 shares during the period. Osaic Holdings Inc. owned approximately 0.18% of Alpha Metallurgical Resources worth $2,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMR. Quadrature Capital Ltd bought a new position in Alpha Metallurgical Resources during the 2nd quarter valued at $958,000. AQR Capital Management LLC lifted its holdings in shares of Alpha Metallurgical Resources by 267.9% in the first quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company’s stock valued at $5,281,000 after buying an additional 30,700 shares during the period. Caxton Associates LLP acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at $450,000. First Citizens Bank & Trust Co. bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $481,000. Finally, Magnetar Financial LLC grew its holdings in Alpha Metallurgical Resources by 130.0% during the first quarter. Magnetar Financial LLC now owns 3,607 shares of the energy company’s stock worth $452,000 after acquiring an additional 2,039 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Insider Transactions at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 8,125 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the sale, the insider owned 4,989 shares in the company, valued at $939,528.48. The trade was a 61.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth S. Courtis acquired 36,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was purchased at an average cost of $175.26 per share, with a total value of $6,309,360.00. Following the purchase, the director directly owned 770,537 shares in the company, valued at approximately $135,044,314.62. This trade represents a 4.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 98,576 shares of company stock valued at $17,994,174 over the last ninety days. Corporate insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Stock Down 1.4%

Shares of Alpha Metallurgical Resources stock opened at $205.07 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $215.30. The firm has a market capitalization of $2.64 billion, a PE ratio of -57.60 and a beta of 0.91. The stock’s fifty day moving average is $173.80 and its 200-day moving average is $150.04.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). The company had revenue of $526.78 million during the quarter, compared to analyst estimates of $543.77 million. Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $160.50.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.